ANHEUSER-BUSCH INBEV-SPN ADR (BUD) Stock Fundamental Analysis

NYSE:BUD • US03524A1088

78.89 USD
-0.4 (-0.5%)
At close: Feb 18, 2026
78.89 USD
0 (0%)
After Hours: 2/18/2026, 8:17:19 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall BUD gets a fundamental rating of 4 out of 10. We evaluated BUD against 33 industry peers in the Beverages industry. While BUD is still in line with the averages on profitability rating, there are concerns on its financial health. BUD has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • BUD had positive earnings in the past year.
  • In the past year BUD had a positive cash flow from operations.
  • In the past 5 years BUD has always been profitable.
  • Each year in the past 5 years BUD had a positive operating cash flow.
BUD Yearly Net Income VS EBIT VS OCF VS FCFBUD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

1.2 Ratios

  • With a Return On Assets value of 3.12%, BUD perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
  • BUD has a Return On Equity (7.83%) which is in line with its industry peers.
  • The Return On Invested Capital of BUD (6.24%) is worse than 60.61% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BUD is significantly below the industry average of 11.40%.
  • The last Return On Invested Capital (6.24%) for BUD is above the 3 year average (6.13%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.12%
ROE 7.83%
ROIC 6.24%
ROA(3y)2.8%
ROA(5y)2.67%
ROE(3y)7.28%
ROE(5y)7.36%
ROIC(3y)6.13%
ROIC(5y)5.97%
BUD Yearly ROA, ROE, ROICBUD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • BUD has a Profit Margin of 11.53%. This is in the better half of the industry: BUD outperforms 72.73% of its industry peers.
  • In the last couple of years the Profit Margin of BUD has grown nicely.
  • With an excellent Operating Margin value of 26.73%, BUD belongs to the best of the industry, outperforming 84.85% of the companies in the same industry.
  • In the last couple of years the Operating Margin of BUD has remained more or less at the same level.
  • BUD has a Gross Margin of 55.93%. This is in the better half of the industry: BUD outperforms 75.76% of its industry peers.
  • In the last couple of years the Gross Margin of BUD has remained more or less at the same level.
Industry RankSector Rank
OM 26.73%
PM (TTM) 11.53%
GM 55.93%
OM growth 3Y1.96%
OM growth 5Y0.34%
PM growth 3Y3.72%
PM growth 5Y30.92%
GM growth 3Y0.88%
GM growth 5Y-0.76%
BUD Yearly Profit, Operating, Gross MarginsBUD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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3

2. Health

2.1 Basic Checks

  • BUD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, BUD has less shares outstanding
  • The number of shares outstanding for BUD has been reduced compared to 5 years ago.
  • Compared to 1 year ago, BUD has an improved debt to assets ratio.
BUD Yearly Shares OutstandingBUD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
BUD Yearly Total Debt VS Total AssetsBUD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B 200B 250B

2.2 Solvency

  • An Altman-Z score of 1.84 indicates that BUD is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 1.84, BUD is in line with its industry, outperforming 45.45% of the companies in the same industry.
  • The Debt to FCF ratio of BUD is 6.50, which is on the high side as it means it would take BUD, 6.50 years of fcf income to pay off all of its debts.
  • BUD has a Debt to FCF ratio (6.50) which is comparable to the rest of the industry.
  • BUD has a Debt/Equity ratio of 0.83. This is a neutral value indicating BUD is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.83, BUD is doing worse than 60.61% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 6.5
Altman-Z 1.84
ROIC/WACC0.96
WACC6.48%
BUD Yearly LT Debt VS Equity VS FCFBUD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.3 Liquidity

  • BUD has a Current Ratio of 0.72. This is a bad value and indicates that BUD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.72, BUD is not doing good in the industry: 78.79% of the companies in the same industry are doing better.
  • BUD has a Quick Ratio of 0.72. This is a bad value and indicates that BUD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of BUD (0.57) is worse than 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 0.72
Quick Ratio 0.57
BUD Yearly Current Assets VS Current LiabilitesBUD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • BUD shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.27%.
  • Measured over the past years, BUD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.20% on average per year.
  • The Revenue has decreased by -0.75% in the past year.
  • BUD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.82% yearly.
EPS 1Y (TTM)6.27%
EPS 3Y5.8%
EPS 5Y14.2%
EPS Q2Q%7.95%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y0.88%
Revenue growth 5Y4.82%
Sales Q2Q%4.81%

3.2 Future

  • Based on estimates for the next years, BUD will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.28% on average per year.
  • BUD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.64% yearly.
EPS Next Y14.37%
EPS Next 2Y13.69%
EPS Next 3Y11.67%
EPS Next 5Y11.28%
Revenue Next Year6.55%
Revenue Next 2Y5.16%
Revenue Next 3Y4.96%
Revenue Next 5Y3.64%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
BUD Yearly Revenue VS EstimatesBUD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 20B 40B 60B
BUD Yearly EPS VS EstimatesBUD Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6

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5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 19.43 indicates a rather expensive valuation of BUD.
  • The rest of the industry has a similar Price/Earnings ratio as BUD.
  • The average S&P500 Price/Earnings ratio is at 27.27. BUD is valued slightly cheaper when compared to this.
  • BUD is valuated correctly with a Price/Forward Earnings ratio of 17.00.
  • BUD's Price/Forward Earnings is on the same level as the industry average.
  • BUD's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.16.
Industry RankSector Rank
PE 19.43
Fwd PE 17
BUD Price Earnings VS Forward Price EarningsBUD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BUD is valued a bit cheaper than 72.73% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BUD indicates a rather cheap valuation: BUD is cheaper than 84.85% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 13.66
EV/EBITDA 9.7
BUD Per share dataBUD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40

4.3 Compensation for Growth

  • BUD's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • BUD has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.35
PEG (5Y)1.37
EPS Next 2Y13.69%
EPS Next 3Y11.67%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.78%, BUD has a reasonable but not impressive dividend return.
  • BUD's Dividend Yield is comparable with the industry average which is at 1.61.
  • BUD's Dividend Yield is comparable with the S&P500 average which is at 1.84.
Industry RankSector Rank
Dividend Yield 1.78%

5.2 History

  • On average, the dividend of BUD grows each year by 20.37%, which is quite nice.
  • BUD has paid a dividend for at least 10 years, which is a reliable track record.
  • BUD has decreased its dividend recently.
Dividend Growth(5Y)20.37%
Div Incr Years1
Div Non Decr Years1
BUD Yearly Dividends per shareBUD Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3 4

5.3 Sustainability

  • BUD pays out 66.45% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of BUD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP66.45%
EPS Next 2Y13.69%
EPS Next 3Y11.67%
BUD Yearly Income VS Free CF VS DividendBUD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B
BUD Dividend Payout.BUD Dividend Payout, showing the Payout Ratio.BUD Dividend Payout.PayoutRetained Earnings

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ANHEUSER-BUSCH INBEV-SPN ADR

NYSE:BUD (2/18/2026, 8:17:19 PM)

After market: 78.89 0 (0%)

78.89

-0.4 (-0.5%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners20.5%
Inst Owner Change-4.59%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap153.31B
Revenue(TTM)59.32B
Net Income(TTM)6.84B
Analysts83.13
Price Target81.79 (3.68%)
Short Float %0.72%
Short Ratio3.31
Dividend
Industry RankSector Rank
Dividend Yield 1.78%
Yearly Dividend2.31
Dividend Growth(5Y)20.37%
DP66.45%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.18%
Min EPS beat(2)2.28%
Max EPS beat(2)6.07%
EPS beat(4)4
Avg EPS beat(4)4.38%
Min EPS beat(4)1.01%
Max EPS beat(4)8.16%
EPS beat(8)8
Avg EPS beat(8)7.33%
EPS beat(12)12
Avg EPS beat(12)5.97%
EPS beat(16)14
Avg EPS beat(16)6.5%
Revenue beat(2)0
Avg Revenue beat(2)-1.55%
Min Revenue beat(2)-1.88%
Max Revenue beat(2)-1.22%
Revenue beat(4)0
Avg Revenue beat(4)-2.12%
Min Revenue beat(4)-3.28%
Max Revenue beat(4)-1.22%
Revenue beat(8)2
Avg Revenue beat(8)-1.07%
Revenue beat(12)2
Avg Revenue beat(12)-1.73%
Revenue beat(16)4
Avg Revenue beat(16)-1.64%
PT rev (1m)2.32%
PT rev (3m)3.12%
EPS NQ rev (1m)-3.04%
EPS NQ rev (3m)-3.04%
EPS NY rev (1m)-0.3%
EPS NY rev (3m)-0.49%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.16%
Valuation
Industry RankSector Rank
PE 19.43
Fwd PE 17
P/S 2.58
P/FCF 13.66
P/OCF 10.3
P/B 1.76
P/tB N/A
EV/EBITDA 9.7
EPS(TTM)4.06
EY5.15%
EPS(NY)4.64
Fwd EY5.88%
FCF(TTM)5.78
FCFY7.32%
OCF(TTM)7.66
OCFY9.71%
SpS30.52
BVpS44.92
TBVpS-37.36
PEG (NY)1.35
PEG (5Y)1.37
Graham Number64.05
Profitability
Industry RankSector Rank
ROA 3.12%
ROE 7.83%
ROCE 8.6%
ROIC 6.24%
ROICexc 6.67%
ROICexgc 91.9%
OM 26.73%
PM (TTM) 11.53%
GM 55.93%
FCFM 18.93%
ROA(3y)2.8%
ROA(5y)2.67%
ROE(3y)7.28%
ROE(5y)7.36%
ROIC(3y)6.13%
ROIC(5y)5.97%
ROICexc(3y)6.54%
ROICexc(5y)6.37%
ROICexgc(3y)88.01%
ROICexgc(5y)80.35%
ROCE(3y)8.45%
ROCE(5y)8.23%
ROICexgc growth 3Y9.81%
ROICexgc growth 5Y12.22%
ROICexc growth 3Y2.06%
ROICexc growth 5Y6.07%
OM growth 3Y1.96%
OM growth 5Y0.34%
PM growth 3Y3.72%
PM growth 5Y30.92%
GM growth 3Y0.88%
GM growth 5Y-0.76%
F-Score8
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 6.5
Debt/EBITDA 3.35
Cap/Depr 64.69%
Cap/Sales 6.16%
Interest Coverage 4.74
Cash Conversion 69.2%
Profit Quality 164.21%
Current Ratio 0.72
Quick Ratio 0.57
Altman-Z 1.84
F-Score8
WACC6.48%
ROIC/WACC0.96
Cap/Depr(3y)73.36%
Cap/Depr(5y)86.67%
Cap/Sales(3y)6.81%
Cap/Sales(5y)7.95%
Profit Quality(3y)172.3%
Profit Quality(5y)169.87%
High Growth Momentum
Growth
EPS 1Y (TTM)6.27%
EPS 3Y5.8%
EPS 5Y14.2%
EPS Q2Q%7.95%
EPS Next Y14.37%
EPS Next 2Y13.69%
EPS Next 3Y11.67%
EPS Next 5Y11.28%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y0.88%
Revenue growth 5Y4.82%
Sales Q2Q%4.81%
Revenue Next Year6.55%
Revenue Next 2Y5.16%
Revenue Next 3Y4.96%
Revenue Next 5Y3.64%
EBIT growth 1Y2.54%
EBIT growth 3Y2.85%
EBIT growth 5Y5.18%
EBIT Next Year43.13%
EBIT Next 3Y16.59%
EBIT Next 5Y12.82%
FCF growth 1Y0.31%
FCF growth 3Y11.32%
FCF growth 5Y9.57%
OCF growth 1Y-1.14%
OCF growth 3Y3.82%
OCF growth 5Y6.44%

ANHEUSER-BUSCH INBEV-SPN ADR / BUD FAQ

Can you provide the ChartMill fundamental rating for ANHEUSER-BUSCH INBEV-SPN ADR?

ChartMill assigns a fundamental rating of 4 / 10 to BUD.


Can you provide the valuation status for ANHEUSER-BUSCH INBEV-SPN ADR?

ChartMill assigns a valuation rating of 5 / 10 to ANHEUSER-BUSCH INBEV-SPN ADR (BUD). This can be considered as Fairly Valued.


What is the profitability of BUD stock?

ANHEUSER-BUSCH INBEV-SPN ADR (BUD) has a profitability rating of 6 / 10.


Can you provide the expected EPS growth for BUD stock?

The Earnings per Share (EPS) of ANHEUSER-BUSCH INBEV-SPN ADR (BUD) is expected to grow by 14.37% in the next year.


Can you provide the dividend sustainability for BUD stock?

The dividend rating of ANHEUSER-BUSCH INBEV-SPN ADR (BUD) is 4 / 10 and the dividend payout ratio is 66.45%.